iShares MBS ETF (NASDAQ:MBB) Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC decreased its stake in shares of iShares MBS ETF (NASDAQ:MBB) by 22.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,359 shares of the company’s stock after selling 7,389 shares during the quarter. Apollon Wealth Management LLC’s holdings in iShares MBS ETF were worth $2,328,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MBB. Jane Street Group LLC lifted its holdings in iShares MBS ETF by 542.0% during the first quarter. Jane Street Group LLC now owns 8,429,084 shares of the company’s stock valued at $779,016,000 after purchasing an additional 7,116,171 shares in the last quarter. Charles Schwab Investment Advisory Inc. lifted its holdings in iShares MBS ETF by 25.3% during the fourth quarter. Charles Schwab Investment Advisory Inc. now owns 5,460,902 shares of the company’s stock valued at $513,762,000 after purchasing an additional 1,102,208 shares in the last quarter. TIAA Trust National Association raised its position in shares of iShares MBS ETF by 11.8% in the first quarter. TIAA Trust National Association now owns 4,661,182 shares of the company’s stock valued at $431,253,000 after buying an additional 493,780 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of iShares MBS ETF by 1.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,835,063 shares of the company’s stock valued at $260,287,000 after buying an additional 42,848 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of iShares MBS ETF by 5.8% in the first quarter. Allworth Financial LP now owns 2,777,089 shares of the company’s stock valued at $256,659,000 after buying an additional 152,564 shares during the last quarter. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

Shares of NASDAQ MBB traded up $0.11 during mid-day trading on Monday, reaching $94.95. The company’s stock had a trading volume of 972,982 shares, compared to its average volume of 2,311,913. The stock has a 50-day moving average of $92.97 and a two-hundred day moving average of $91.95. iShares MBS ETF has a 1-year low of $85.28 and a 1-year high of $95.85.

iShares MBS ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Stockholders of record on Thursday, August 1st were given a $0.3086 dividend. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.90%. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.31. The ex-dividend date was Thursday, August 1st.

iShares MBS ETF Company Profile

iShares MBS ETF (the Fund), formerly iShares Barclays MBS Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results, which correspond to the price and yield performance of the Barclays Capital U.S. MBS Index (the Index). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage (GNMA).